Citigroup Forecasts Strong Price Appreciation for International Consolidated Airlines Group (LON:IAG) Stock

Key Points

• Citigroup raised its price target for International Consolidated Airlines Group from GBX 620 to GBX 630 and maintained a "buy" rating, implying roughly a 66.98% upside from the prior close.
• The analyst consensus is a Moderate Buy (six Buy ratings and one Sell) with an average price target of GBX 448.33, which is well below Citigroup's more bullish view.
• IAG shares opened at GBX 377.29 and trade in a 52‑week range of GBX 210–429.30; the stock shows a low P/E of 5.84 but a very high debt‑to‑equity ratio of 338.12.

International Consolidated Airlines Group (LON:IAG - Get Free Report) had its price objective hoisted by research analysts at Citigroup from GBX 620 to GBX 630 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm presently has a "buy" rating on the stock. Citigroup's price objective suggests a potential upside of 66.98% from the stock's previous close.

Several other research analysts have also commented on the company. Peel Hunt reiterated a "buy" rating and issued a GBX 450 price target on shares of International Consolidated Airlines Group in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 460 price objective on shares of International Consolidated Airlines Group in a research report on Monday, August 4th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 500 target price on shares of International Consolidated Airlines Group in a report on Monday. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Consolidated Airlines Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 448.33.

International Consolidated Airlines Group Price Performance

IAG stock opened at GBX 377.29 on Monday. International Consolidated Airlines Group has a 52 week low of GBX 210 and a 52 week high of GBX 429.30. The firm has a market capitalization of £17.31 billion, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The company has a fifty day simple moving average of GBX 396.23 and a two-hundred day simple moving average of GBX 361.29. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12.

About International Consolidated Airlines Group

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.